Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the tax rate high or low?
The tax rate of 21.66% is in line with its 5-year average of 19.84%, near the high end of its 5-year range (14.91%–22.86%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.43% above its 12-month average of 20.35%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
TAX RATE
21.66%
TAX RATE AVG TTM
20.35%
TAX RATE AVG 3Y
20.20%
TAX RATE AVG 5Y
20.35%
TAX RATE AVG 10Y
19.49%
TAX RATE AVG 15Y
23.33%
TAX RATE AVG 20Y
25.05%
CURRENT VS TTM AVG
+6.43%
CURRENT VS 3Y AVG
+7.24%
CURRENT VS 5Y AVG
+6.46%
CURRENT VS 10Y AVG
+11.16%
CURRENT VS 15Y AVG
-7.17%
CURRENT VS 20Y AVG
-13.51%
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | TAX RATE |
|---|---|
| 2026-03-31 | 21.66% |
| 2025-12-31 | 19.15% |
| 2025-09-30 | 20.35% |
| 2025-06-30 | 18.87% |
| 2025-03-31 | 21.74% |
| 2024-12-31 | 15.69% |
| 2024-09-30 | 22.10% |
| 2024-06-30 | 21.52% |
| 2024-03-31 | 20.27% |
| 2023-12-31 | 18.84% |
| 2023-09-30 | 20.78% |
| 2023-06-30 | 21.58% |
| 2023-03-31 | 20.04% |
| 2022-12-31 | 19.23% |
| 2022-09-30 | 22.74% |
| 2022-06-30 | 22.86% |
| 2022-03-31 | 19.68% |
| 2021-12-31 | 15.17% |
| 2021-09-30 | 19.99% |
| 2021-06-30 | 19.51% |
| 2021-03-31 | 14.91% |
| 2020-12-31 | 1.40% |
| 2020-09-30 | 10.75% |
| 2020-06-30 | 18.95% |
| 2020-03-31 | 18.22% |
| 2019-12-31 | 16.55% |
| 2019-09-30 | 18.04% |
| 2019-06-30 | 19.49% |
| 2019-03-31 | 17.70% |
| 2018-12-31 | 19.96% |
| 2018-09-30 | 14.51% |
| 2018-06-30 | 20.85% |
| 2018-03-31 | 14.25% |
| 2017-12-31 | 57.31% |
| 2017-09-30 | 23.40% |
| 2017-06-30 | 25.46% |
| 2017-03-31 | 18.50% |
| 2016-12-31 | 32.10% |
| 2016-09-30 | 30.75% |
| 2016-06-30 | 30.63% |
| 2016-03-31 | 30.59% |
| 2015-12-31 | 25.75% |
| 2015-09-30 | 31.78% |
| 2015-06-30 | 30.23% |
| 2015-03-31 | 30.40% |
| 2014-12-31 | 13.10% |
| 2014-09-30 | 23.52% |
| 2014-06-30 | 29.10% |
| 2014-03-31 | 31.22% |
| 2013-12-31 | 27.89% |
| 2013-09-30 | 29.14% |
| 2013-06-30 | 30.80% |
| 2013-03-31 | 26.20% |
| 2012-12-31 | 31.27% |
| 2012-09-30 | 31.42% |
| 2012-06-30 | 31.91% |
| 2012-03-31 | 31.71% |
| 2011-12-31 | 30.53% |
| 2011-09-30 | 30.78% |
| 2011-06-30 | 31.41% |
| 2011-03-31 | 31.16% |
| 2010-12-31 | 27.91% |
| 2010-09-30 | 29.53% |
| 2010-06-30 | 31.48% |
| 2010-03-31 | 31.36% |
| 2009-12-31 | 29.48% |
| 2009-09-30 | 28.03% |
| 2009-06-30 | 30.97% |
| 2009-03-31 | 31.47% |
| 2008-12-31 | 33.21% |
| 2008-09-30 | 33.14% |
| 2008-06-30 | 32.42% |
| 2008-03-31 | 27.94% |
| 2007-12-31 | 30.48% |
| 2007-09-30 | 27.51% |
| 2007-06-30 | 31.51% |
| 2007-03-31 | 31.96% |
| 2006-12-31 | 18.61% |
| 2006-09-30 | 28.85% |
| 2006-06-30 | 31.58% |
| 2006-03-31 | 34.54% |
| 2005-12-31 | 35.89% |
| 2005-09-30 | 33.98% |
| 2005-06-30 | 33.38% |
| 2005-03-31 | 33.98% |
| 2004-12-31 | 29.85% |
| 2004-09-30 | 33.00% |
| 2004-06-30 | 25.07% |
| 2004-03-31 | 32.16% |
| 2003-12-31 | 23.43% |
| 2003-09-30 | 33.50% |
| 2003-06-30 | 33.50% |
| 2003-03-31 | 33.50% |
| 2002-12-31 | 34.00% |
| 2002-09-30 | 34.00% |
| 2002-06-30 | 34.00% |
